Scotiabank

Manager, AML/ATF Models and Analytics

Scotiabank • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Master's degree in mathematics, statistics, science, technology, or engineering preferred; exceptional Bachelor's candidates considered.
  • 2+ years in statistical/machine learning modeling and AI solutions.
  • 5+ years proficiency in Python and SQL, with familiarity in Oracle or SQL Server databases.
  • Experience with big-data platforms (Hadoop, Hive, Spark) and Pandas queries.
  • Familiarity with cloud platforms like Google Cloud or Azure is beneficial.
  • Knowledge in shell scripting and version control systems is advantageous.
  • AML/ATF experience or analytics expertise in a financial context is a plus.

Responsibilities

  • Develop and enhance machine learning models for AML/ATF activities.
  • Create instructions for AI models to ensure high-quality outputs.
  • Participate in all stages of the model life cycle, from data acquisition to post-implementation.
  • Collaborate with stakeholders to translate business needs into technical specifications.
  • Maintain a rigorous framework for AML/ATF model controls and documentation.
  • Ensure compliance with operational, regulatory, and AML/ATF risk management frameworks.
  • Promote a customer-centered culture to strengthen client relationships.

Benefits

  • Contribute to an inclusive and high-performance work culture.
  • Join a collaborative team of innovative thinkers in a forward-looking organization.
  • Access a competitive compensation and comprehensive benefits package.
  • Be part of a community-focused organization that values customer impact.
  • Receive recognition and support for high-performance and professional growth opportunities.
Full Job Description
Requisition ID: 267328

The Manager, AML/ATF Models and Analytics is responsible for developing and maintaining models and providing descriptive, predictive, and prescriptive analytics to fulfill the Transaction Monitoring obligation under the AML/ATF framework of Scotiabank.

This position carries responsibility for the timely and accurate development of AML models. The testing, reviewing and validation activities include but is not limited to creating model documentation, following the AML and Enterprise Modeling Governance standards; stating key assumptions, including qualitative and expert judgment, logic and conceptual soundness; conducting various tests.

This role contributes to the overall success of the AML/ATF Models and Analytics team by ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Is this role right for you? In this role, you will:

  • Develop and enhance statistical / machine learning models in support of Scotiabank's AML/ATF activities. Work with data from different sources and of various nature (customer, product, transaction, etc.) to detect suspicious behavior patterns which are indicative of Money Laundering. Anticipated deliverables include models for transaction monitoring alert generation and alert prioritization. Will involve analyzing various alert metrics (e.g., productive vs non-productive alerts, alerts per transaction) and optimizing solution configurations and parameters.
  • Design, refine, and optimize instructions for AI agent solutions to guide generative AI models, especially large language models (LLMs), to produce desired, high-quality output.
  • Participate in all stages of the model life cycle, including data acquisition, exploratory analysis and engineering for model input, development and iteration for optimal models, deployment of model into production environment, post-implementation monitoring, and periodic model tuning.
  • Collaborate with other stakeholders on model design and utilization. Leverage data expertise to assist with the translation of business requirements to technical specifications, identify and bridge any gap between objectives and implementation, and recommend the appropriate usage of models.
  • Support implementation and maintenance of a rigorous framework of internal controls related to AML/ATF models. Create and maintain comprehensive model documentation. Work with Model Validation, Internal and External auditors to ensure that models meet all legal and regulatory requirements.
  • Actively pursue effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to, and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and the Guidelines for Business Conduct.
  • Champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Support implementation and maintenance of a rigorous framework of internal controls related to AML/ATF models. Create and maintain comprehensive model documentation. Work with Model Validation, Internal and External auditors to ensure that models meet all legal and regulatory requirements.


Do you have the skills that will enable you to succeed? We'd love to work with you if you have experience with:

  • Master's degree or higher in mathematics, statistics, science, technology, or engineering is strongly preferred. Only for exceptional candidates, Bachelors may be considered
  • 2+ years of experience with statistical / machine learning modeling and/or AI agent solutions, and data science methods
  • 5+ years of experience in Python and SQL. Experience with databases such as Oracle or SQL Server
  • Experience with big-data platforms (Hadoop, Hive, Spark), and Pandas queries.
  • Experience with cloud-based data platforms such as Google Cloud or Azure is an asset.
  • Experience with shell scripting and version control systems is an asset.
  • Solid knowledge of algorithms and data structure is an asset.
  • AML/ATF experience or related-analytic knowledge with financial institution is an asset.
  • Excellent interpersonal, communication (both oral and written), presentation, and business writing skills.


What's in it for you?

  • Champion a high-performance environment and contribute to an inclusive work environment.
  • The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
  • A competitive compensation and comprehensive benefits plan.
  • An organization committed to making a difference in our communities - for you and our customers.
  • You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.


Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Scotiabank

More Finance & Insurance Jobs

Find similar Manager, AML/ATF Models and Analytics jobs:

NationwideToronto, ON